Book notes: Don’t start from here, by David Shirreff
A pointed, passionate plea for a simpler banking system
David Shirreff, Don’t start from here: we need a banking revolution, Crunch Books, 2014, 104 pages
A generation ago the economies of what were then called the ‘developed’ world embarked on a great experiment. Finance was unfettered, exchange controls were dismantled, Depression-era regulatory restrictions were removed, and structural barriers that had kept banking, securities and insurance as separate industries were torn down. Although the process did not reach its culmination until the repeal
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